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ETH critical point is here: an upward or downward move could trigger a "liquidation wave"
Currently, ETH is in a key range:
👉 Falling below $2,128
Long positions may trigger approximately $1.11B in liquidations
👉 Breaking above $2,347
Short positions may trigger approximately $927M in liquidations
What does this mean?
The market has entered an "compression zone,"
Whether upward or downward, an accelerated trend may occur.
The focus is not on the direction,
But on—
Which side will be ignited first.
In this position, it’s often not about guessing,
But about watching for "signals."
Some opportunities are only for those who understand the structure in advance. #Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨 $FUN $NOM
All my short positions were filled at an average cost of 72.5k.
I think it will drop sharply over the weekend; even those who didn't short can short at the current 72.5k.
At least, we can see that the top shorts at 71-70k are mostly liquidated.
Going higher would be the 74k zone, where the rally is just a response to the Fed's rate cut expectations not being suppressed → actual interest rates fall, US bond yields retreat, the dollar weakens → risk assets become more popular.